Amend Bill, page 7, by inserting between lines 7 and 8
(6) The financing rate on the bond, the total amount of
the bond financing and any financing charges associated with
the bond.
Amend Bill, page 7, line 9, by striking out "An" and
inserting
If a property owner fails to pay assessments due, including
past due assessments and total assessments on the property that
may be discharged, compromised or abated in the same manner as
delinquent property tax obligations, an
Amend Bill, page 7, line 11, by striking out "Is" and
inserting
shall be
Amend Bill, page 7, line 14, by striking out the period after
"satisfied" and inserting a semicolon
Amend Bill, page 7, line 15, by striking out "Has" and
inserting
shall have
Amend Bill, page 7, line 17, by striking out the period after
"Commonwealth" and inserting
and shall be treated as a tax imposed by any agency,
municipality or county; and
(3) must be recorded with the title, including all
information required under section 4306 (relating to notice),
until the lien is discharged.
Amend Bill, page 8, line 6, by striking out all of said line
and inserting
The following apply:
(1) The governing body of a municipality or county that
Amend Bill, page 8, line 8, by striking out the period after
"process" and inserting
and remit for payment of the local financing or owner
financing.
(2) The assessment shall be made only upon the real
property whose owner has executed a written agreement with
the governing body agreeing to the assessment.
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